Common use of Financing Statement; Further Assurances Clause in Contracts

Financing Statement; Further Assurances. Borrower agrees, concurrently with executing this Note, that Lender may file a UCC-1 financing statement relating to the Collateral in favor of Lender, and any similar financing statements in any jurisdiction in which Lender reasonably determines such filing to be necessary. Borrower further agrees that following and during the continuance of any Default, Borrower will if requested by Lender promptly: (i) execute and deliver all further instruments and documents reasonably necessary in order to perfect and protect the equitable charge and security interest granted hereby, or to enable Lender to exercise and enforce its rights and remedies with respect to any Collateral, (ii) deliver the Collateral, including original certificates or other instruments representing the Pledged Securities and stock powers endorsed in blank, to Lender to hold as secured party, and (iii) execute a securities account control agreement with respect to the Collateral.

Appears in 5 contracts

Samples: Stock Purchase Agreement (Camber Energy, Inc.), Securities Purchase Agreement (Beyond Commerce, Inc.), Securities Purchase Agreement (Immune Pharmaceuticals Inc)

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Financing Statement; Further Assurances. Borrower agrees, concurrently with executing this Note, that Lender may file a UCC-1 financing statement relating to the Collateral in favor of Lender, and any similar financing statements in any jurisdiction in which Lender reasonably determines such filing to be necessary. Borrower further agrees that following at any time and during the continuance of any Default, from time to time Borrower will if requested by Lender promptly: shall promptly (i) provide a comfort letter to Company’s auditors regarding the fair market value of the Collateral, and (ii) execute and deliver all further instruments and documents reasonably necessary that Lender may request in order to perfect and protect the equitable charge and security interest granted hereby, or to enable Lender to exercise and enforce its rights and remedies with respect to any CollateralCollateral following an event of default. In addition, (ii) following an event of default, Borrower shall deliver the Collateral, including original certificates or other instruments representing the Pledged Securities and stock powers endorsed in blankSecurities, to Lender to hold as secured party, and (iii) execute a securities account control agreement with respect to the Collateralagreement.

Appears in 1 contract

Samples: Stock Loan Agreement (Sparta Commercial Services, Inc.)

Financing Statement; Further Assurances. Borrower agrees, agrees concurrently with executing this Note, that Lender may file a UCC-1 UCC-financing statement relating to the Collateral in favor of Lender, and any similar financing statements in any jurisdiction in which Lender reasonably determines such filing to be necessary. Borrower further agrees that following and during the continuance of any Default, Borrower will if requested by Lender promptly: (i) execute and deliver all further instruments and documents reasonably necessary in order to perfect and protect the equitable charge and security interest granted hereby, or to t0 enable Lender to exercise and enforce its rights and remedies with respect to any Collateral, (ii) deliver the Collateral, including original certificates or other instruments representing the Pledged Securities and stock powers endorsed in blank, to Lender to hold as secured Secured party, and (iii) execute a securities account control agreement with respect to the Collateral.

Appears in 1 contract

Samples: Stock Purchase Agreement (East Coast Diversified Corp)

Financing Statement; Further Assurances. Borrower agrees, concurrently with executing this Note, that Lender may file a UCC-1 financing statement relating to the Collateral in favor of Lender, and any similar financing statements in any jurisdiction in which Lender reasonably determines such filing to be necessary. Borrower further agrees that following and during the continuance of any Default, Borrower will if requested by Lender promptly: (i) execute and deliver all further instruments and documents reasonably necessary in order to perfect and protect the equitable charge and security interest granted hereby, or to enable Lender to exercise and enforce its rights and remedies with respect to any Collateral, (ii) deliver the Collateral, including original certificates or other instruments representing the Pledged Securities and stock powers share transfer forms endorsed in blank, to Lender to hold as secured party, and (iii) execute a securities account control agreement with respect to the Collateral.

Appears in 1 contract

Samples: Share Subscription Agreement (NewLead Holdings Ltd.)

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Financing Statement; Further Assurances. Borrower agrees, concurrently with executing this Note, that Lender may file a UCC-1 financing statement relating to the Collateral in favor of Lender, and any similar financing statements in any jurisdiction in which Lender reasonably determines such filing to be necessary. Borrower further agrees that following and at any time during the continuance of any Default, default Borrower will if requested by Lender promptly: (i) promptly execute and deliver all further instruments and documents reasonably necessary that Lender may request in order to perfect and protect the equitable charge and security interest granted hereby, or to enable Lender to exercise and enforce its rights and remedies with respect to any CollateralCollateral .. In addition, (ii) following an event of default, Borrower will deliver the Collateral, including original certificates or other instruments representing the Pledged Securities and stock powers endorsed in blank, to Lender to hold as secured party, and (iii) Borrower will, if requested by Lender, execute a securities account control agreement with respect to the Collateralagreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (POSITIVEID Corp)

Financing Statement; Further Assurances. Borrower Bxxxxxxx agrees, concurrently with executing this Note, that Lender may file a UCC-1 financing statement relating to the Collateral in favor of LenderLxxxxx, and any similar financing statements in any jurisdiction in which Lender reasonably determines such filing to be necessary. Borrower Bxxxxxxx further agrees that following and during the continuance of any Default, Borrower will if requested by Lender Lxxxxx promptly: (i) execute and deliver all further instruments and documents reasonably necessary in order to perfect and protect the equitable charge and security interest granted hereby, or to enable Lender to exercise and enforce its rights and remedies with respect to any Collateral, (ii) deliver the Collateral, including original certificates or other instruments representing the Pledged Securities and stock powers share transfer forms endorsed in blank, to Lender to hold as secured party, and (iii) execute a securities account control agreement with respect to the Collateral.

Appears in 1 contract

Samples: NewLead Holdings Ltd.

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